Reed Smith weighs up alternative business structure conversion for London office

Firm sizes up benefits of joint ventures and profit-sharing with non-legal businesses

Reed Smith is considering converting its London office to an alternative business structure (ABS) as the firm eyes up the possibility of joint ventures and profit-sharing arrangements with non-lawyer businesses.

The US firm – which would be one of the largest to date to make use of an ABS structure – is considering the switch to enable it to work more closely with third-party non-legal outfits, particularly in the consulting and technology spheres.

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